Oklahoma 2025 Regular Session

Oklahoma House Bill HB2169 Compare Versions

Version 1 (Old)

Version 2 (New)

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3		-	ENGR. H. B. NO. 2169 Page 1 1
	3	+	HB2169 HFLR Page 1
	4	+	BOLD FACE denotes Committee Amendments. 1
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28		-	ENGROSSED HOUSE
29		-	BILL NO. 2169 By: Pfeiffer and Turner of the
30		-	House
	29	+	HOUSE OF REPRESENTATIVES - FLOOR VERSION
	30	+
	31	+	STATE OF OKLAHOMA
	32	+
	33	+	1st Session of the 60th Legislature (2025)
	34	+
	35	+	COMMITTEE SUBSTITUTE
	36	+	FOR
	37	+	HOUSE BILL NO. 2169 By: Pfeiffer of the House
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32	39		and
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34	41		Weaver of the Senate
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	47	+	COMMITTEE SUBSTITUTE
	48	+
40	49		An Act relating to money wire transmissions; amending
41	50		63 O.S. 2021, Section 2 -503.1j, which relates to the
42	51		Drug Money Laundering and Wire Transmitter Act;
43		-	increasing certain fee and percentage amount;
44		-	amending 63 O.S. 2021, Section 2 -107b, which relates
45		-	to the Drug Money Laundering and Wire Transmitter
46		-	Revolving Fund; modifying name of revolving fund; and
	52	+	increasing certain fee and percentage amount; and
47	53		providing an effective date.
	54	+
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52	59		BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
53	60		SECTION 1. AMENDATORY 63 O.S. 2021, Section 2 -
54	61		503.1j, is amended to read as follows:
55	62		Section 2-503.1j. A. Any licensee of a money transmission,
56	63		transmitter or wire transmitter business pursuant t o the Oklahoma
57	64		Financial Transaction Reporting Act and their delegates shall
58		-	collect:
59		-	1. For transactions occurring within the United States, collect
60		-	a fee of Five Dollars ($5.00) for each transaction not in excess of
61		-	Five Hundred Dollars ($500.00) a nd in addition to such fee an amount
62		-	equal to one percent (1%) of the amount in excess of Five Hundred
63		-	Dollars ($500.00); and
	65	+	collect a fee of Five Dollars ($5.00) Ten Dollars ($10.00) for each
	66	+	transaction not in excess of Five Hundred Dollars ($500.00) and in
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65		-	ENGR. H. B. NO. 2169 Page 2 1
	68	+	HB2169 HFLR Page 2
	69	+	BOLD FACE denotes Committee Amendments. 1
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90		-	2. For transactions occurring outside of the United States,
91		-	collect a fee of Ten Dollars ($10.00) for each transaction not in
92		-	excess of Five Hundred Dollars ($500.00) and in addition to such fee
93		-	an amount equal to two percent (2%) of the amount in excess of Five
94		-	Hundred Dollars ($500.00) .
	94	+	addition to such fee an amount equal to one percent (1%) two percent
	95	+	(2%) of the amount in excess of Five Hundred Dollars ($500.00).
95	96		B. The fee prescribed by subsection A of this section shall be
96	97		remitted quarterly to the Oklahoma Tax Commission on suc h forms as
97	98		the Commission, with the assistance of the Oklahoma State Bureau of
98	99		Narcotics and Dangerous Drugs Control, may prescribe for such
99	100		purpose. All required forms and remittances shall be filed with the
100	101		Tax Commission not later than the fifteenth day of the month
101	102		following the close of each cale ndar quarter.
102	103		C. The Oklahoma Tax Commission shall apportion all revenues
103	104		derived from the fee to the Drug Money Laundering and Wire
104		-	Transmitter ~~Organized Crime and Human Trafficking~~ Revolving Fund.
	105	+	Transmitter Revolving Fund.
105	106		D. Every licensee and their delegates shall po st a notice on a
106	107		form prescribed by the Directo r of the Oklahoma State Bureau of
107	108		Narcotics and Dangerous Drugs Control that notifies customers that
108	109		upon filing an individual income tax return with either a valid
109	110		social security Social Security number or a valid taxpayer
110	111		identification number the custom er shall be entitled to an income
111	112		tax credit equal to the amount of the fee paid by the customer for
112	113		the transaction.
	114	+	E. The Oklahoma Tax Commission shall be afforded all provisions
	115	+	currently under law to enf orce the provisions of subsection B of
	116	+	this section. If a licensee fails to file reports or fails to remit
	117	+	the fee authorized by subsection B of this section, the Oklahoma Tax
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114		-	ENGR. H. B. NO. 2169 Page 3 1
	119	+	HB2169 HFLR Page 3
	120	+	BOLD FACE denotes Committee Amendments. 1
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139		-	E. The Oklahoma Tax Commis sion shall be afforded all provisions
140		-	currently under law to enforce the provisions of subsection B of
141		-	this section. If a licensee fails to file reports or fails to remit
142		-	the fee authorized by subsection B of this section, the Oklahoma Tax
143	145		Commission shall have the authority pursuant to Section 212 of Title
144	146		68 of the Oklahoma Statutes to suspend the license of the licensee
145	147		and its delegates. A notification of the suspension shall also be
146	148		sent to the State Banking Commissioner and the Director of the
147	149		Oklahoma State Bureau of Narcotics and Dangerous Drugs Control. The
148	150		licensee and its delegates may not reapply for a license until all
149	151		required reports have been filed and all required fee amounts have
150	152		been remitted.
151	153		F. Upon request from the Oklahoma Tax Commission, the State
152	154		Banking Commissioner may make a claim against the surety bond of the
153	155		licensee on behalf of th e State of Oklahoma.
154	156		G. The Oklahoma State Bureau of Narcotics and Dangerous Drugs
155	157		Control and its attorneys may assist the Oklahoma Tax Commission in
156	158		conducting audits and the prosecution and/or or seeking of legal
157	159		remedies to ensure compliance with this act.
158		-	SECTION 2. AMENDATORY 63 O.S. 2021, Section 2 -107b, is
159		-	amended to read as follows:
160		-	Section 2-107b. There is hereby created in the State Treasury a
161		-	revolving fund for the Oklahoma State Bureau of Narcotics and
162		-	Dangerous Drugs Control to be designated the "Drug Money Laundering
	160	+	SECTION 2. This act shall become effective November 1, 2025.
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164		-	ENGR. H. B. NO. 2169 Page 4 1
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189		-	and Wire Transmitter Revolving Fund" "Organized Crime and Human
190		-	Trafficking Revolving Fund" . The fund shall be a continuing fund,
191		-	not subject to fiscal year limitations, and shall consist of all
192		-	monies received by the Oklahoma State Bureau of Narcotics and
193		-	Dangerous Drugs Control from the fees imposed pursuant to Section 2 -
194		-	503.1j of this title. All monies accruing to the credit of the fund
195		-	are hereby appropriated and may be budgeted and expended by the
196		-	Oklahoma State Bureau of Narcotics and Dangerous Drugs Control for
197		-	the purpose of drug enforcement. Expenditures from said fund shall
198		-	be made upon warrants issued by the State Treasurer against claims
199		-	filed as prescribed by law with the Director of the Office of
200		-	Management and Enterprise Services for approval and payment.
201		-	SECTION 3. This act shall become effective November 1, 2025.
202		-	Passed the House of Representatives the 27th day of March, 2025.
	162	+	COMMITTEE REPORT BY: COMMITTEE ON JUDICIARY AND PUBLIC SAFETY
	163	+	OVERSIGHT, dated 03/03/2025 - DO PASS, As Amended.
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207		-	Presiding Officer of the House
208		-	of Representatives
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212		-	Passed the Senate the _____ day of __________, 2025.
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217		-	Presiding Officer of the Senate